Announcement PDF ASX Announcement 4 August 2025 ASX: OD6 NANOFILTRATION TECHNOLOGY REDUCES ACID REQUIREMENTS BY OVER 80% AT THE SPLINTER ROCK RARE-EARTH PROJECT Major improvements in project economics at the high-grade and large scale Splinter Rock REE deposit – JORC Mineral Resource of 682Mt @ 1,338ppm TREO Highlights: • Outstanding 84.5% acid recovery achieved utilising Nanofiltration (NF) technology • Significantly lower acid requirements set to drive major decrease in processing costs and improve project economics • No loss of Rare Earth during acid recovery process • 69% reduction in liquid volume sent to Impurity Removal (IR) Circuit • Smaller IR circuit size expected to materially reduce both capital and operating costs • Inside Centre area to be the Cornerstone Deposit, with an Indicated Resource of 119Mt @ 1,632ppm TREO and 79% MagREE heap leach recoveries • Nd & Pr recoveries are consistently high at ~80%, exceeding benchmarks from leading clayhosted REE projects. • Current near-surface resource covers <10% of the tenement area, with strong growth potential from further exploration • Impurity Removal test results pending, with strong potential to further reduce processing costs and enhance project economics Managing Director Brett Hazelden, commented: “Incorporating nanofiltration into our rare earth heap leach flowsheet is a pivotal advancement for OD6. Acid was anticipated to be one of our top three operating costs, alongside power and labour. Achieving an +80% reduction in acid consumption dramatically improves the project's cost structure. With our switch from tank – which is being implemented by some Brazilian-based peers – to heap leaching, we’ve already eliminated the need for leach tanks, thickeners, and complex solid-liquid separation infrastructure. This simplification reduces both capital and operating costs significantly. Heap leaching produces a relatively clear liquor from the leach pad and addition of a nanofiltration step not only recycles over 80% of the acid, but also decreases the volume of water flowing to the Impurity Removal circuit by over 65%. This reduces the scale and quantity of downstream equipment required, further optimising the capital and operating cost reductions. As we await further results from impurity removal testwork, we are excited to continue showcasing innovation that cements Splinter Rock’s position as Australia’s premier clay-hosted rare earth project.” MagREE (Magnet Rare Earths) = Nd + Pr + Tb + Dy) MagREO (Magnet Rare Earth Oxide) = Nd2O3 + Pr6O11 + Tb4O7 + Dy2O3 TREO (Total Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3. OD6 Metals Limited (OD6 or the Company) is pleased to report highly encouraging results from Nanofiltration (NF) metallurgical testing conducted by the Australian Nuclear Science and Technology Organisation (ANSTO), demonstrating a step-change in the processing efficiency of the Splinter Rock Rare Earth Project. What is Nanofiltration? Nanofiltration (NF) is a pressure driven membrane filtration process that uses liquids to selectively separate substances based on size and charge. Its primarily used for water purification, for example to remove hardness (calcium and magnesium), sulphates and organic compounds (Figure 1). It sits between reverse osmosis and ultrafiltration in terms of pore size, pressure requirement and selectivity. Advantages of NF in Mining • Selective HCl recovery with specialised membranes • Lower energy consumption through decreased downstream circuit size • Membranes are low-maintenance and potentially recyclable • Robust systems suitable for remote operations • Can be built in multiple modules for ease of use and expansion Figure 1: Example of a Nanofiltration system and the membrane utilised 2 Updated Splinter Rock Processing Flowsheet OD6 has identified the following simplified Heap Leach and NF processing steps ( Figure 2). The Heap process, when compared to the Tank Leach process, has the potential to remove several expensive processing steps, namely: leach tanks, thickening, clay washing, solid liquid separation and reducing total power requirements and total water requirements. This is expected to significantly reduce capital and operating costs Figure 2: Indicative processing steps Heap Leach with Nanofiltration Testwork Results ANSTO has undertaken the test work using actual and synthetic heap leach solutions at 38 bar pressure and commercially available membranes yielded the following summary results (Table 1): Permeate and Retentate: • Permeate: The filtered liquid that passes through the membrane which then recycles acid to the heap leach pads • Retentate: The concentrated substances that would be used in downstream Impurity Removal Table 1: Nanofiltration Test Results Parameter Permeate Concentrated Retentate Volume Distribution % 69 31 HCl Concentration (g/L) 18.8 7.5 HCl Distribution (%) 84.5 15.5 Fe Concentration (mg/L) 394 20,041 Al Concentration (mg/L) 20 1,725 REE Concentration (mg/L) 16 1,101 REE Distribution (%) 6 94 3 From Table 1 it can be observed that • 84.5% of HCl Acid is recovered to the permeate and thus recycled to the heap leach pads • 94% of the Rare Earth Elements (REE) are concentrated to the retentate which would be processed further in the Impurity Removal (IR) circuit and then onto a final MREC precipitation. No Rare Earth losses are associated with the process, as the permeate is recycled to the heap leach pad • The concentrated retentate makes up 31% of the liquid volume which would be processed further in the Impurity Removal circuit • Reduced liquid volume flowing to the Impurity removal circuit allows for a significant decrease in downstream circuit size, reducing capital and operating costs Inside Centre Deposit Heap Leach Results OD6 intends to focus ongoing works around the Inside Centre Prospect at Splinter Rock which currently has an Indicated Resource of 119Mt @ 1,632ppm TREO (refer to ASX announcement 29-5-2024). The Inside Centre Prospect also has achieved high heap leach recoveries as previously reported (refer ASX announcement 16-10-2024) which is summarised in the following. • Column Leach recoveries of 79% MagREE - in comparison to the diagnostic stirred tank leach of 56% • Nd & Pr have very high recoveries at ~80% • Dy & Tb also comparatively high at 60 and 70% respectively. • Acid Usage prior to implementing Nanofiltration was 37.2 kg/t. This would potentially reduce to around 7.5kg/t with nanofiltration recovery and recycling • Column leach recoveries continue to increase over the 80 days - and are still leaching, meaning recoveries can be further optimised with a longer duration heap leach time frame Pr Nd Tb Dy 90 Cumulative Recovery (%) 80 70 60 50 40 30 20 10 0 0 10 20 30 40 50 60 70 80 90 Days under leach Figure 3: Inside Centre Composite Heap Leaching Results – Cumulative Recovery by Day 4 Cumulative Recovery (%) OD6-C1 (Inside Centre) Extraction by Element 100 90 80 70 60 50 40 30 20 10 0 La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu Y Rare Earth Element Figure 4: Inside Centre Column Leach REE Recovery by Element Next Steps OD6 will shortly be finalising testwork being conducted by ANSTO associated with the following key trials: • Impurity Removal: trials under various pH conditions, temperatures, and reagents. • Ion Exchange Assessment: selective elution of REE versus impurities such as Al and Fe. • Mixed Rare Earth Precipitation: testing carbonate and hydroxide options. An Optioneering Study is also being conducted by CPC Engineering to integrate these results into a preferred flowsheet. This work is anticipated to be finalised this quarter. 5 Competent Persons Statement The scientific and technical information that relates to process metallurgy is based on information reviewed by Mr Brett Hazelden (Managing Director and CEO) of OD6 Metals Limited. Mr Hazelden is a Member of the AusIMM and has sufficient experience relevant to hydrometallurgical processes to qualify as a Competent Person as defined by the JORC Code. Mr Hazelden owns shares in the Company and participates in the Company’s employee securities incentive plan. Mr Hazelden consents to the inclusion in this announcement of the matters based on their information in the form and context in which it appears. Information in this report relating to Mineral Resource estimation and Exploration Results is based on information reviewed by Mr Jeremy Peters who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Chartered Professional Geologist and Mining Engineer of that organisation. Mr Peters is a Director of Burnt Shirt Pty Ltd, consulting to OD6 and has sufficient experience which is relevant to clay-hosted rare earth mineralisation to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Peters consents to the inclusion of the data in the form and context in which it appears. Forward Looking Statements Certain information in this document refers to the intentions of OD6 Metals, however these are not intended to be forecasts, forward looking statements, or statements about the future matters for the purposes of the Corporations Act or any other applicable law. Statements regarding plans with respect to OD6 Metals projects are forward looking statements and can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. There can be no assurance that the OD6 Metals plans for its projects will proceed as expected and there can be no assurance of future events which are subject to risk, uncertainties and other actions that may cause OD6 Metals actual results, performance, or achievements to differ from those referred to in this document. While the information contained in this document has been prepared in good faith, there can be given no assurance or guarantee that the occurrence of these events referred to in the document will occur as contemplated. Accordingly, to the maximum extent permitted by law, OD6 Metals and any of its affiliates and their directors, officers, employees, agents and advisors disclaim any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence). No new information Except where explicitly stated, this announcement contains references to prior exploration results, all of which have been cross-referenced to previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements. The information in this report relating to the Mineral Resource estimate for the Splinter Rock Project is extracted from the Company’s ASX announcements dated 18 July 2024. OD6 confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply. This announcement has been authorised for release by the Board of OD6 Metals Limited 6 About OD6 Metals OD6 Metals is an Australian public company pursuing exploration and development opportunities within the critical minerals sector, namely rare earths and copper. Copper The Company is advancing the Gulf Creek Copper-Zinc VMS Project located near the town of Barraba in NSW, Australia. Gulf Creek was mined at around the turn of the 20th century and was once regarded as the highest grade copper mine (2% to 6.5% Cu) in NSW until its closure due to weak copper prices in 1912. Very little exploration has occurred at the project in over 100 years, with OD6 aiming to apply modern day exploration technologies. The 2025 maiden drilling program successfully defined high grade copper below the historical mine plus confirmed the strong relationship between magnetism and massive sulphide mineralisation. Geophysical modelling has identified multiple, high priority and untested targets ready for drilling providing over >3km of untested strike in the immediate minestratigraphy, and over >10km across the tenement. Rare Earth Elements OD6 Metals has successfully identified clay hosted rare earths at its 100% owned Splinter Rock Project which is located in the Esperance-Goldfields region of Western Australia. The Company released a Mineral Resource Estimate (MRE) for Splinter Rock in May 2024, confirming that the project hosts the largest and highest-grade clay-hosted rare earths deposit in Australia with an Indicated Resource of 119Mt @ 1,632ppm TREO and an Inferred Resource of 563Mt @ 1,275ppm TREO with an overall ratio of ~23% high-value Magnetic Rare Earths (MagREE). OD6 Metals believes that Splinter Rock has all the hallmarks of a world class rare earths project with a conceptual development which utilises the large and high-grade Splinter Rock resource to support a long-life REE operation supported by a low strip ratio Corporate Directory Managing Director Mr Brett Hazelden Non-Executive Chairman Mr Piers Lewis Non-Executive Director Dr Mitch Loan Financial Controller/ Joint Company Secretary Mr Troy Cavanagh Joint Company Secretary Mr Joel Ives Contact Investor Relations OD6 Metals Ltd Lucas Robinson ACN 654 839 602 Corporate Storytime www.od6metals.com.au lucas@corporatestorytime.com Mail to: info@od6metals.com.au Phone: +61 408 228 889 Phone: +61 8 6189 8515 Level 1, 50 Kings Park Road, West Perth, WA 6005 PO Box 277, North Beach, WA 6920 PO Box 2009, Esperance, WA 6450 7 Metallurgical Sample Selection and Testing Approach The Company has created a composite sample for the Inside Centre that represent an area of consistent geology, prior metallurgical outcomes, low striping ratios and significant grades. A total 6 holes were selected (see table below) to composite at Inside Centre with samples combined by weight to reflect the intercept length to maintain representativity and minimise any bias. Column (Heap) Leach tests agglomerated the samples with a small amount of flocculant (~300g/t) to wet the ore and bind the fines together. They are then irrigated with 25 g/l HCl lixiviant and run at ANSTO’s standard column operating conditions for the duration of the tests. The column tests were conducted over an 80 day period with samples still extracting rare earths at the end of this period. Metallurgical Composite Drill Hole Location Details – Inside Centre Deposit Hole ID Type Easting Northing RL (m) Dip (degrees) Depth(s) SRAC0225 Aircore 501815 6336021 204.1 -90 33-86 SRAC0226 Aircore 501953 6335879 204.4 -90 21-81 SRAC0266 Aircore 501399 6336445 205.4 -90 21-58 SRAC0357 Aircore 502068 6336999 204.9 -90 39-90 SRAC0358 Aircore 502177 6336615 204.0 -90 36-84 SRAC0359 Aircore 501939 6336293 203.5 -90 27-87 Figure 6: Inside Centre Composite Sample Locations overlain on airborne electromagnetic survey interpretation 8 JORC 2012 – Table1: Splinter Rock Section 1 Sampling Techniques and Data (Criteria listed in the preceding section also apply to this section) Criteria JORC Code explanation Commentary Sampling techniques • • • • • Drilling techniques Drill sample recovery • • • • Logging • • • Sub-sampling techniques and sample preparation • • • • • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. Drill type (eg core, reverse circulation, openhole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material • • • • • • • • • • • • • • • • Geochemical sampling was undertaken by sampling of metre interval samples returned from the cyclone of a conventional air core drilling rig. Certified reference samples, duplicates and blank samples were inserted into the drill sample stream such as to represent approximately 5% of the samples submitted to the laboratory for analysis Two composite samples were collected over three metre intervals – the first (the A sample) being submitted for laboratory analysis and the second (the B sample) being retained as a reference. A sample from each metre was collected and stored in a chip tray for logging and x-ray diffraction analysis. Drill intercept samples for the two heap leaching metallurgical composites were obtained from the ‘B’ samples located on the company’s Exploration Licenses. Samples were sent to ANSTO for making up the composites and completing the testwork. Air core drilling was completed by hammer and blade industry standard drilling techniques Aircore is considered to be an appropriate drilling technique for saprolite clay Drilling used blade bits of 87mmØ with 3m length drill rods to blade refusal. Air core recoveries were not recorded but are not considered to be materially biased, given the nature of the geology and samples. The assay data will be analysed against control samples and historical assays for any indications of bias All chips were logged qualitatively and quantitatively. A sample from each metre was collected and stored in a chip tray for logging Geological logs recorded lithology, colour and weathering. A composite sample of ~ 3kg for analysis was taken using a scoop from each metre pile to subsample 1 to 1.5kg sample. This was then dispatched to the laboratory. A second composite sample was similarly taken and stored on site as a reference Air core samples were a mix of wet and dry Certified reference samples, duplicates and blank samples were inserted into the sample stream such as to represent approximately 5% of the samples submitted to the laboratory for analysis Heap Leach test samples were composited from the B samples by weight to reflect the intercept length to 9 Criteria JORC Code explanation • Quality of assay data and laboratory tests • • • Verification of sampling and assaying • • • • collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. Commentary maintain representativity and minimise any bias • • • • • • • “A Samples” were submitted for chemical analysis using industry standard sample preparation and analytical techniques including: • Riffle split all “A samples” to 50:50 bagging one half as a coarse reject for storage • Pulverise the balance of the material via LM-5 • Generate a standard 300g master pulp packet • Bag the balance as a bulk pulp master for storage Multi-Element Ultra Trace method ME-MS61r for exploration in soils or sediments. 4-Acid digest on 0.25g sample analysed via ICP-MS and ICP-AES. REEs included. The final column residues were also analysed. The following techniques were used: • XRF at ANSTO for major gangue elements (Al, Ca, Cu, Fe, K, Mg, Mn, Na, Ni, P, Si, Sr, Zn) and a range of minor elements • The REEs along with Y, U, Th and Sc in the samples will be analysed by tetraborate fusion digest/ICP-MS (lithium tetraborate method) and four acid digest/ICP-MS at ALS Geochemistry Laboratory, Brisbane Certified reference samples, duplicates and blank samples were inserted into the drill sample stream such as to represent approximately 5% of the samples submitted to the laboratory for analysis No holes were twinned (duplicated). Data stored in a database, with auto-validation of logging data, Multielement results (REE) are converted to stoichiometric oxide (REO) using element-tostoichiometric conversion factors. Element ppm Ce Dy Er Eu Gd Ho La Lu Nd Pr Sm Tb Tm Y Yb • • Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down-hole • Conversion Factor 1.2284 1.1477 1.1435 1.1579 1.1526 1.1455 1.1728 1.1371 1.1664 1.2082 1.1596 1.1510 1.1421 1.2699 1.1387 Oxide Form CeO2 Dy2O3 Er2O3 Eu2O3 Gd2O3 Ho2O3 La2O3 Lu2O3 Nd2O3 Pr6O11 Sm2O3 Tb4O7 Tm2O3 Y2O3 Yb2O3 Rare earth oxide is the industry accepted form for reporting rare earths. The following calculations are used for compiling REO into their reporting and evaluation groups: TREO (Total Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3. Note that Y2O3 is included in the TREO calculation. Drill hole collars were located using a handheld GPS to +/-5m accuracy 10 Criteria JORC Code explanation • • Data spacing and distribution • • • Commentary surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. • • Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. • • • • • • • • • • • • Orientation of data in relation to geological structure • • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • • • • • Grid system was MGA 94 Zone 51 Downhole survey was not undertaken, the holes being vertical No topography control was used, given the relatively flat topography Drilling intervals were closed to approximately 200m centres where historic drilling returned elevated REE assays Downhole samples were taken on 1m intervals This drilling indicated excellent continuity, particularly when supported by the results of the Tempest Airborne Aeromagnetic Survey, which was used to define basin limits. Tempest Airborne Electromagnetic Survey (AEM), undertaken by Xcalibur Multiphysics Data collected using the TEMPEST EM system (50Hz) using fixed wing aircraft. Nominal flight height of 120 m above ground level. GPS cycle rate of 1 second, accuracy 0.5m Altimeter accuracy of 0.05m Flight line spacing 400 to 800m. Conductivity measurements and sampling interval at approximately 11 to 12 metres along line. This data when combined with further drilling will be utilised to guide future mineral resource estimation Drillholes were vertical and approximately perpendicular to mineralisation hosted in flat lying claybeds This orientation is not considered by the Competent Person to have introduced material sampling bias. For AEM data: Flight lines are North West- South East: drainage and regolith patterns show a regional slope down from NW to SE, whereas geological structure is dominantly NE-SW. The thickness of regolith presented in the crosssections is based on geophysical inversion modelling conducted by the CSIRO. This inversion modelling used Monte Carlo simulation known as RJMCMC regression based on Bodin and Sambridge (2009) https://doi.org/10.1111/j.1365-246X.2009.04226.x & Minsley (2011) https://doi.org/10.1111/j.1365246X.2011.05165.x with modifying parameters by CSIRO. refer ASX Announcement 5 October 2022 The RJMCMC method uses a comparison method to estimate the conductivity. Sample security • The measures taken to ensure sample security. • Samples were taken and dispatched by road freight direct to the analytical laboratory Audits or reviews • The results of any audits or reviews of sampling techniques and data. • The Independent Competent Person (Jeremy Peters) reviewed the sampling techniques and data collection. The Independent Competent Person has previously completed a site visit during drilling to verify sampling techniques and data collection. Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status • • • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. • • • The Splinter Rock Project is held by Odette Six Pty Ltd which is a 100% owned subsidiary of OD6 Metals Ltd. Granted exploration Licences include E63/2115, E69/3904, E69/3905, E69/3907, E69/3893, E69/3894. The ELs predominantly overly vacant crown land with a small portion of freehold agricultural land used for crop and livestock farming to the south. The Company has Native Title Land Access agreements with Ngadju Native Title Aboriginal Corporate and Esperance Tjaltjraak Native Title Aboriginal Corporation. The tenements are in good standing with no known impediments outside the usual 11 Criteria JORC Code explanation Commentary course of exploration licenses. Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • • • Geology • Deposit type, geological setting and style of mineralisation. • • Drill hole Information • • Data aggregation methods • • • Relationship between • mineralisation widths and intercept lengths • • Diagrams • Balanced reporting • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length. If the exclusion of this information is justified on the b